Performance Details
Department of Commerce, Community, and Economic Development - Alaska Industrial Development and Export Authority
Mission
Promote, develop, and advance economic growth and diversification in Alaska by providing various means of financing and investment.
Core Services
- Finance and/or develop commercial, industrial and infrastructure projects to create jobs, grow the economy, and promote resource development in Alaska. Provide predictability to commercial borrowers to allow job growth and a continually expanding economy.
- Manage AIDEA"s project development and loan portfolio for best growth of net asset balance while maintaining positive returns to meet operational requirements.
- Provide long-term financing, and/or refinancing, to Alaskan businesses for new or existing projects, and provide access to taxable or tax-exempt conduit bond financing for Alaskan non-municipal organizations.
Mission Results |
Core Services |
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Performance Detail
A: Result -Promote economic growth in Alaska. |
A1: Core Service - Finance and/or develop commercial, industrial and infrastructure projects to create jobs, grow the economy, and promote resource development in Alaska. Provide predictability to commercial borrowers to allow job growth and a continually expanding economy. |
Target #2: Create, or retain, 500 construction jobs through the Project Development and Commercial Finance programs..
Target Last Modified: 11/27/2023 |
A2: Core Service - Manage AIDEA"s project development and loan portfolio for best growth of net asset balance while maintaining positive returns to meet operational requirements. |
Target #1: Manage AIDEA"s Development Project portfolio for best growth of net asset balance..
Target Last Modified: 11/14/2023 |
Target #2: Maintain sufficient liquidity to meet bond covenants, fund project investments and fund new loans. Build and maintain liquidity to support Alaska projects, pay an annual dividend to the State general fund, and allow AIDEA to meet operating expenses..
Target Last Modified: 11/27/2023 |
A3: Core Service - Provide long-term financing, and/or refinancing, to Alaskan businesses for new or existing projects, and provide access to taxable or tax-exempt conduit bond financing for Alaskan non-municipal organizations. |
Target #1: Issue $60 million in new loans each year from the AIDEA Revolving Loan Fund..
Target Last Modified: 11/30/2023 |
Target #2: Maintain Revolving Fund loan portfolio delinquency rate lower than 3% of the outstanding balance..
Target Last Modified: 11/27/2023 |
Last refreshed: 04/25/2024 05:00 pm